Questions

National Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year.

National Income is categorized into 6 components. They are :

1. Compensation of Employees (Wages and Benefits)
2. Corporate Profits
3. Rental Income
4. Proprietors Income (Income of unincorporated business)
5. Net Interest

The Largest Component of National Income is Compensation of Employees.

The Largest component of National Income in India is Service Sector.

(1+9+6+8+3) x (1+9+6+8+3) x (1+9+6+8+3) = 19683

Natural resources are resources taken from nature to satisfy our needs. As wild animals are on the earth naturally, they are considered as natural resources.

Hence, the given statement is false.